Cocoa’s Dizzying Volatility Is Spilling Into the Coffee Market Coffee is likely to fare better than cocoa once European Union regulation aimed at preventing deforestation takes effect at the end of the year. That’s because coffee intake is more global than... 8th May 2024 · Bloomberg
Energy Chart Pack Energy Chart Pack (May 2024) Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. The fall in oil prices since Iran and Israel’s back-and-forth attacks suggests that some of the... 7th May 2024 · 1 min read
Metals Chart Pack Metals Chart Pack (May 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. The strong rally in industrial metals prices seems stretched and, as a result, we expect prices to... 7th May 2024 · 1 min read
Commodities Update China PMIs point to solid but unremarkable demand China’s PMI surveys for April suggest the economy continues to grow at a faster pace than a few months ago which is providing support for commodity demand. Today’s Politburo statement signalled that... 30th April 2024 · 2 mins read
Commodities Weekly Metals prices: a genuine breakout or overoptimism? In a mixed week for commodity prices, copper topped $10,000 per tonne for the first time since April 2022. This is the latest in what has been a rip-roaring start to the year for non-ferrous... 26th April 2024 · 4 mins read
Event Commodities Drop-In: Geopolitical risk and the commodities price outlook 1714658400 Geopolitical risk may be ever-present in global commodity markets, but it’s arguably been an even bigger driver over the past year or so.
Energy Update Japan’s LNG demand to sink; Korea’s to fall more slowly A resurgent nuclear power sector in Japan and a continuously growing one in South Korea coupled with an expansion in renewable power capacities will ensure both countries’ LNG demand will fall... 23rd April 2024 · 3 mins read
Commodities Weekly Rising risks to energy supply, but not time to overreact In a week that started with Iran’s drone and missile attack on Israel and which ended with Israel’s retaliatory strike on Iran, it is somewhat surprising that the price of Brent crude fell. After all... 19th April 2024 · 5 mins read
Green Transition Chart Pack Green Transition Chart Pack (Apr. 2024) Recent increases in natural gas prices in Europe have predictably been mirrored in the EU carbon price, which has risen from a 31-month low of €52 per tonne in February to €71 at the time of writing... 18th April 2024 · 1 min read
Commodities Focus Fed rate cuts won’t send commodity prices soaring The latest US CPI data may have dashed hopes of interest rate cuts as early as June, but looser monetary policy is still firmly on the cards late this year and over the course of next year. Lower... 16th April 2024 · 12 mins read
Industrial Metals Update Further falls in store for iron ore amid falling demand This year’s falls in iron ore prices are likely to have been a dress rehearsal for what's ahead. Our China team’s forecast for the property sector to halve by the end of the decade does not bode well... 16th April 2024 · 4 mins read
Asset Allocation Update Oil prices and the stock market Many of the usual relationships between oil prices and equities haven’t held over recent months. This Update explores the reason for that, and what may lie in store for energy equities and the broader... 16th April 2024 · 5 mins read
Industrial Metals Update Russian metal ban won’t rock the boat We think that any impact from the suspension of trading of Russian metal on the LME and CME is likely to be muted, given that trade flows have already shifted markedly and it is unlikely to impact... 15th April 2024 · 2 mins read
Middle East & North Africa Economics Update The Iran drone strike & the oil market implications There are clearly many ways in which tensions between Iran and Israel could escalate and push up oil prices following the Iranian drone strike at the weekend. But the risk that a conflict involving... 15th April 2024 · 4 mins read
